People’s Bank of China invests in ICICI Bank through QIP
The investment comes at a time when business and trade relations between India and China have nose-dived after the Galwan valley clash.
The investment comes at a time when business and trade relations between India and China have nose-dived after the Galwan valley clash.
The move comes at a time when HDFC's share prices fell off to 25 per cent in March amid global sell off due to the fear of COVID-19 outbreak. Currently, the shares of HDFC are at Rs 1,701.95 per share on the BSE index making it one of the worst performers this year.
The People's Bank of China (PBOC) announced that the reserve requirement ratio for financial institutions would be lowered by 50 basis points, effective by January 6.
China's forex reserves rose for a third month in a row in April, signalling eased capital flight pressure, data showed…
